Excuse me, but did you say TRILLIONS there?
Regards,
Yes. Foreign exchange reserves are what other nations invest in your nation, assets, cash reserves, investments and etc. That is why the numbers are so huge. Look up China trade surpluses for the last 20 years, she invests part of her money in overseas mines, oil fields, etc. Since the price of oil, metals and food has gone up in terms of US dollars, these resources reserves increase in value and are added to China’s assets. Recently China has the largest oil company in the world and US Exxon is second.